Old Second Bancorp: Q3 Earnings Snapshot

AURORA, Ill. (AP) — AURORA, Ill. (AP) — Old Second Bancorp Inc. (OSBC) on Wednesday reported third-quarter net income of $28.9 million.

The Aurora, Illinois-based bank said it had earnings of 56 cents per share. Earnings, adjusted for non-recurring gains, came to 55 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The financial holding company posted revenue of $115.2 million in the period. Its revenue net of interest expense was $97.1 million, which also missed Street forecasts. Five analysts surveyed by Zacks expected $98 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSBC at https://www.zacks.com/ap/OSBC